Political Institutions and Development: Failed Expectations and Renewed Hopes

Political Institutions and Development challenges the cliche that 'good institutions' are essential for sustainable socio-economic development by focusing on the need to adapt potential solutions to local conditions.

The authors argue that there is no one optimal institutional design that can be successfully applied to any country. The macro- and micro-level studies contained in this book demonstrate that institutions are highly context-dependent and time-sensitive and must be tailored to l...